Cramer Remix: All CEOs should know this

Jim Cramer wants companies to start taking action. The secret to unlocking major value lies in the actions that are taken right now. Don't just stand there, do something!

"Almost every single company with a stock that jumped today played a major role in that jump, and very few of those rallies were earnings based," the "Mad Money" host said.

All of the companies that managed to rally were those that were run by management that wasn't afraid to make bold moves and control its own destiny. These managements weren't crying over weak retail sales numbers or worried about the direction of the German 10-year treasury or Fed rates.

Why?

Because they understood that with taking action, they could create instant wealth for shareholders—exactly what shareholders pay them to do.

It is clear to Cramer that the world's economies are getting better, and soon many of the companies that are strong will be affected by both geography and currency tailwinds. Cramer warned not to wait! Now is the time for companies to take action.

"To the CEOs who are watching, let me tell you something: it's no sin to think big when trying to create value, not by standing there, but by doing something. So what are you waiting for?"

Another topic that was on Cramer's mind on Wednesday was his interview with IBM CFO Martin Schroeter on Tuesday, where he unveiled IBM's latest human-like supercomputer called Watson.

Can it really move the needle for IBM?

"I don't think anyone believes the presentation of Watson's prowess we saw on last night's show can or will impact IBM's bottom line in a major way. It's only a small part of a very large company," the "Mad Money" host said.

However, Cramer gets the rationale behind why IBM is banking on this concept. IBM is in a position where it has a slowly declining core business, and it is working to counteract that decline with a cloud-based product that can read huge amounts of data.

Watson can not only take in large amounts of data, but it can interpret it and help to predict it. This use useful especially in the healthcare industry, where Watson holds approximately 12 million journal articles in it that can help to provide a diagnosis.

"So, it's not a gimmick for IBM. It's a door opener that allows you to brainstorm, or perhaps save lives, and improve the customer's bottom line when it comes to cutting out wasteful polling and test marketing," Cramer said.

Last week, Cisco Systems announced that CEO John Chambers, who has run the company for more than 20 years, will retire in July and transition to the role of executive chairman. It signals the end of an era for Cramer, as the technology industry just won't be the same.

Instead, Chuck Robbins will take over as CEO after serving as the company's senior vice president for worldwide field operations. Cramer has watched as Cisco has transformed itself, planting in the epicenter of the Internet of things with top quality security built right into its products.

Cisco reported at the close on Wednesday, and delivered a 1 cent earnings beat from a 53 cent basis. It also reported higher than expected sales, up 5.1 percent year over year. To find out more on what could be in store for the future of Cisco, the "Mad Money" host spoke with the outgoing CEO.

"Our company is in the most competitive position ever. We've moved from selling boxes to outcomes. You're digitizing every country and every company. You either change and disrupt, or you get left behind," Chambers said.

Cramer doesn't know what to think about energy prices at this point. They are all over the place! First came the total collapse in oil last year, followed by a rapid rebound, and now with the price of natural gas skyrocketing almost 20 percent in the last two weeks, how the heck is he supposed to figure out where energy prices are headed?

That is why the "Mad Money" host decided to consult an expert on the matter and spoke with T. Boone Pickens, infamous oil magnate, financier, philanthropist as well as the founder and chairman of BP Capital Management.

"I think you're going to see $70. I said on the 23rd of December we would see $70 by the end of '15. We are going to be there, and I think you could be back up to $90 to $100 by the end of 2016," Pickens said.

Another energy company on Cramer's radar is Entergy Corp. Solidly invested in power generation, transmission and distribution, the utility dominates in the Southern region of the U.S. and also generates power for the Northeast and Midwest regions.

On Tuesday, Entergy announced a major solar project that will make New Orleans the first city in America to both generate and store solar power.

Typically, investors think of utility stock as being slow and steady, but in the past year, Entergy has been on a roller coaster ride. Could it head even higher? To find out, Cramer spoke with Entergy CEO Leo Denault.

"The situation that we've got, because of all of the growth that we are seeing in the Gulf South, manufacturing businesses under construction as we speak all up and down the Mississippi river corridor, we've got a lot of growth in the utility business which supports the dividend," Denault said.

In the Lightning Round, Cramer gave his take on a few caller favorite stocks: